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A Tax System In Which The Rich Pays A Higher Percentage Income As Tax Than The Poor Is Known As? - Erudites Academy
Categories: Economics NECO

A tax system in which the rich pays a higher percentage income as tax than the poor is known as?
A tax system in which the rich pays a higher percentage income as tax than the poor is known as?A tax system in which the rich pays a higher percentage income as tax than the poor is known as?

A. capital gains tax
B. progressive taxation
C. proportional taxation
D. regressive taxation
E. sales tax

Correct Answer:

Option B – progressive taxation

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